Some links related to today's announcement of the EC/U.S. complaint against Chinese export restrictions:
U.S. Slams China on Exports - BusinessWeek
The U.S. and the European Union on June 23 formally accused China of illegally hampering exports of raw materials in order to benefit its own manufacturers. The move comes during a period of heightened concern over protectionism amid the global economic crisis. It also coincides with resistance in Congress to an attempt by the Obama Administration to advance a bilateral trade agreement with Panama.
China's export rebates hurt steel industry-US Steel|| Reuters
NEW YORK, June 23 (Reuters) - China's move to cut export taxes for its steelmakers will increase its steel exports at the expense of other producers around the world, undermining the industry, said U.S. Steel (X.N) Chairman and Chief Executive Officer John Surma.
The US raised the stakes in a growing trade dispute with China on Tuesday, lodging a case at the World Trade Organisation over export quotas and duties of raw materials.
Europe and U.S. Accuse China of Unfair Trade Practices - NYTimes.com
The United States and European Union accused China of unfair trade practices on Tuesday, saying the Chinese government was restricting exports of raw materials to give manufacturers in that country a competitive advantage.
FACTBOX-Materials targeted by EU, U.S. in China WTO case | Reuters
June 23 (Reuters) - The European Union and the United States are taking action against China at the World Trade Organisation over export restrictions on a number of industrial raw materials used in steel, cars, microchips, planes and other products. [ID:nLN887624]
Whatever Austan Goolsbee may have told Candadian officials during the Ohio primary, and whatever NAFTA trashing Obama the candidate thought he needed to do to win it (before he lost it to Hillary Clinton), the evidence is in: Obama the president has shown no inclination to undo NAFTA.
Now more than ever, trade is essential to keeping America's economy afloat.
Factsheet - FACTSHEET: EU requests WTO consultations on Chinese export restrictions on raw materials
WASHINGTON -- U.S. Trade Representative Ron Kirk on Tuesday said the U.S. has filed a World Trade Organization case against China over export restraints on raw materials, calling those policies a "giant thumb on the scale" in favor of Chinese producers.
U.S. Files WTO Complaint Against China Over Export Restraints - Bloomberg.com
June 23 (Bloomberg) -- The U.S. said it filed a World Trade Organization complaint accusing China of curbing exports of raw materials to benefit its domestic manufacturers.
President Obama's administration on Tuesday announced it will bring its first trade case against China in the World Trade Organization unless consultations solve the dispute.
WASHINGTON, DC - U.S. Trade Representative Ron Kirk announced today that the United States has requested World Trade Organization (WTO) dispute settlement consultations with the People's Republic of China regarding China's export restraints on numerous important raw materials. China's measures appear to be part of a troubling industrial policy aimed at providing substantial competitive advantages for the Chinese industries using these inputs. The materials at issue are: bauxite, coke, fluorspar, magnesium, manganese, silicon metal, silicon carbide, yellow phosphorus, and zinc. These are key inputs for numerous downstream products in the steel, aluminum, and chemical sectors across the globe. China ranks as a top global producer of these materials. The European Union also requested formal WTO consultations with China on this matter today.
